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MSNBC
Dec 29, 2012 2:00am PST
leader mitch mcconnell will bring to a vote, or put mine to a vote. >> and chrkristen, i did not he about the sequester or the spending cuts that people are talking about in the fiscal cliff, and the debt e creeling that tim geithner said that we would have to raise any day now, and is this the next couple of months in terms of the debate? does the white house have a strategy of dealing with both in the next phase? >> well, they are quite clear that there's probably just too much at this point to put that in this initial package and specifically the debt ceiling, and saying there is no way to address that right now. they know that is the next big hurdle they are going to have to face once they deal with the immediate issue of the tax hikes and spending cuts, so i believe that you are absolutely right. in terms of the strategy f they have one, they have not revealed the details about that quite yet. president obama today, and what i thought was interesting is using the power of the bully pulpit to put pressure on congress to get this basic deal done that he is calling for, and richar
MSNBC
Dec 31, 2012 6:00pm PST
minority leader mitch mcconnell yesterday, and helped forge a deal on taxes. the proposed deal worked out earlier today is said to raise $600 billion in revenue over the next decade through new tax increases on the wealthiest americans. the bush era tax rates would be extended for all single americans, with income below $400,000, and couples with income below $450,000. all income above those levels would be taxed at a clinton era top tax rate of 39.6%. and capital gains taxes above those amounts would also be increased up to 20% up from 15%. the deal is also said to include a permanent fix for the alternative minimum tax, and extends unemployment insurance for another year for two million americans. >>> there is some grumbling about the proposed deal from labor. in the last hour, richard trumka of the afl-cio tweeted the following -- we can't set the stage for further destabilizing hostage-taking from -- in the form of another debt ceiling crisis and another sequester crisis. joining me now from capitol hill by phone is nbc's kelly o'donnell. kelly, tell what's the latest is that you'
MSNBC
Dec 31, 2012 8:00pm PST
details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the lengtext tha language. and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the pro
MSNBC
Dec 29, 2012 12:00am PST
harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> but the president was i
CNN
Dec 31, 2012 6:00pm PST
talks. he helped negotiate this deal with senate minority leader mitch mcconnell, but senato harry reid was very involved in all this, and the hold up for the last six some hours this evening, the republican leader, senate minority leader, mitch mcconnell, and the white house had fundamentally come to an agreement on principle, and there was this stall in the talks for the last hours tonight. it was because democratic leader harry reid was refusing to give in on some points that were very important to the democrats. and so he's won some concessions, and that should help make the vice president's sell even easier tonight. you know, there are some people saying, look, don't say we have a deal until you know, everyone signs on inside that room. now, what we know is that there is a deal in principle between reid, mcconnell, and the white house. that is the major hurdle they had to overcome, and it's now all but the selling, and of course, the voting, wolf. >> they have to draft it and put it in a form of legislation. dana bash is our senior congressional correspondent. is there anythin
CNN
Dec 31, 2012 8:00am PST
-- i'm going to toss it back to you because mitch mcconnell, we believe is on the floor, he's the key negotiator on the republican party. >> let's go to mitch mcconnell on the floor. he's been the closer on this. i'm going to go back to you, dana. he's not there quite yet. this is all in the hands of the senate at this point. you were talking about tom harkin. the it's something progressives hated, this idea of social security changes being on the table. they won on that. >> i have to tell you i'm having some audio problems but i think you asked about social security. so i'm going to go with that. that was a potential issue yesterday. it seems to have been resolved. republicans, we were told by democrats, this was a clear tactic to tell us about this. republicans had put that on the table. the idea of so-called chained cpi which would have an effect on social security recipients. republicans backed off on that after a meeting yesterday. that doesn't seem to be on the table. but forgive me, i thought mitch mcconnell was on the floor. the other thing i wanted to tell you about is mcconn
MSNBC
Dec 29, 2012 1:00pm PST
? >> reporter: that is true, staff from harry reed and mitch mcconnell have been negotiating through the daout the day and in picked up. we have heard that both sides are not budgeting. but we don't know, things can change at any moment. if we have to gauge how to talks have gone so far from the conversations we have had here around capitol hill, they have not been too good at the moment. all that being said though, craig, there's a lot that can happen over the next 48 hours. the deal obviously is to try to have something on the floor that can pass the house of representatives by new year's eve. that is why it's so difficult, craig. you have mitch mcconnell and harry reed trying to get something passed. so there's a lot of moving parts. this is not a really easy road ever. so far, things are not overly optimistic, there was a touch of optimism yesterday and this morning but it went away this afternoon. >> what happened? >> who knows. >> what happened between yesterday afternoon and evening when everyone sounded like this thing may happen and now? >> what happens is they go in a room and start
CNN
Dec 30, 2012 4:00pm PST
late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of what's going on just as the house speaker on the other side of the capitol is as well but these two men are probably hopefully going to work late into the night, maybe early in the morning to see if they can come up with some way to put this in real terms for americans, some way to avert the taxes for every american going up in a big way starting tomorrow night. >> so it's no burning the midnight oil for the senate because they're gone, and congress now, do we know? >> reporter: the senate has decided to formally -- the senate majority leader harry reid said about an hour ago that effectively there won't be any votes tonight. so the hope for getting a deal today that the senate can vote on which was the hope even going into the day, that's not going to happen. in fact, the house, they brought people back for a vote tonight just to
MSNBC
Dec 31, 2012 1:00pm PST
fallen to vice president joe biden and senate minority leader mitch mcconnell who said an agreement is very close and said congress should act on the tax portion of the deal. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. we can do this. we must do this. >> famous last words. i want to go to the capital now. joining us, the dynamic duo, the silver fox and mr. boatshoe. nbc's mike viqueira and luke russert. gentlemen, thanks for being here. our cnbc colleague john harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described, jonathan, the sticking point remains this so-called trigger, the sequester. remember, they agreed upon it last summer i
MSNBC
Dec 30, 2012 2:00pm PST
democrats since then. mitch mcconnell, of course, the republican leader here in the senate, has said he has reached out to joe biden, the vice president, and not incidentally the president of the senate in that capacity. he has had a couple of conversations with him according to republican senators, one, just within the last hour, at least one, when mitch mcconnell left a closed door luncheon of republican senators to speak with joe biden by phone. we understand that joe biden, our crack white house team, put eyes on him going into the white house about 1:45 this afternoon. he was in delaware yesterday. seems unlikely at this point that biden would make the trip up to capitol hill for any face-to-face negotiations. democrats say this is simply a ruse, mitch mcconnell trying to go around harry reid, the democratic leader here and appealing to joe biden, trying to make it look in democratic estimation as if republicans are going the last mile, but, look, we're stuck. we're nowhere at this point. there was a major setback earlier. you mentioned it, the so-called chained cpi. a lot of peopl
MSNBC
Jan 1, 2013 5:00am PST
leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american history. so, it took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort. >> so, here's what in that imperfect bill. tax rates will rise for individuals making over $400,000 and couples making more than $450,000. high-end rates for the estate tax and the capital gains tax will rise. all of those elements will be made permanent. in addition, the alternative minimum tax, which is patched every year, will be fixed permanently. several tax credits, including ones for children, college tuition and earned income, will be extended for five years. and long-term unemployment benefits will be extended for a year. now, the big issue not addressed, those sequester spending cuts, which are simply being delayed for two months. nbc's capitol hill correspondent kelly o'donnel
MSNBC
Dec 29, 2012 12:00pm PST
. we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of bot
MSNBC
Dec 31, 2012 7:00pm PST
the last couple of months, but certainly over the last couple of days, with mitch mcconnell, trying to get an agreement with harry reid, it has been apparently successful now. joe biden behind closed door with, at least get it through sometime before dawn tonight, and let the house come in and wrestle with it on new year's day, melissa. >> well, as we speak, the vice president is there trying to speak to his own troops, if you will, who may be holding out their votes up for this deal. he has been with them for how long now, and is there any sort of word that you're hearing at all about how it is going? >> well, we haven't heard anything because all the senators, as far as i know have not come out of that meeting. he got up here about 50 minutes ago. he is meeting with those senators now. the $250,000 threshhold that was set forth by the president that the president campaign ed on. many on the left are disappointed that he has given in to a certain extent and allowed that to rise by $200,000 to $450,000. there are going to be some problems there, one that might help the feelings on t
MSNBC
Dec 30, 2012 3:00pm PST
10:00. at 2:00, we saw mitch mcconnell come out and say we still don't have a deal. we've heard criticism about the president's tone today on "meet the press." this is what john boehner had to say, blaming the failure of a deal on the president. >> your response? >> well, that's very interesting, chris, because speaker boehner has refused to even hold a vote in the house of representatives on the president's proposal. we're not asking speaker boehner to endorse the president's proposal. we're not asking republicans to say they want to endoris the proposal. we're simply asking for a vote. we believe that republicans and democrats together could get a majority for the president's proposal to avoid the fiscal cliff and deal with the deficit in a balanced way. in fact, as we know, republicans like tom cole, a very conservative member from oklahoma, and others have said that that approach makes sense. and yet the speaker refuses to allow a vote on that proposal. and so allow democracy to work and so far unfortunately, speaker boehner has been held captive with the tea party wing of t
MSNBC
Dec 31, 2012 10:00am PST
andrea mitchell reports, teetering on the edge. are joe bideern and mitch mcconnell close to striking an 11th hour deal to avoid falling off the fiscal cliff? >> there are a number of issues on which the two sides are still apart, and negotiations are continuing as i speak. >> the vice president and i have worked together on solutions before, and i believe we can again. >> lawmakers work through the weekend. president obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned t
CNBC
Dec 28, 2012 7:00pm EST
day. mitch mcconnell and harry reid say they're going to come out and try to hammer out a bipartisan deal that can pass the senate with enough republican votes to convince the house to act and even president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> now what would be in that mini deal? we're talking about tax increases for people at near the top of the income scale. the question is the threshold, 400 or $500,000 are the likely places that that could end up. it would likely turn off the automatic sequester by using some of the revenue from the tax increases to account as budget cuts and turn off they is quester and it would also extend unemployment benefits and do the so-called doc fix to prevent reimbursem
MSNBC
Dec 27, 2012 1:00pm PST
mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not sure my distinguished republican counterpart has followed what has taken place in the house of representatives. the house, as reported lie the press and we all know, one of the plans that didn't have a name, it wasn't plan "b," i don't know what plan it was because they've had a number over there, but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it would have passed. republicans, a myriad of republ
MSNBC
Dec 28, 2012 8:00pm PST
ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantive and makes a difference, especially to the most vulnerable americans? >> yeah, i think the two keys that the president laid out are to protect middle class americans from tax increases and to protect families that haven't been able to get back in the workforce, having their unemployment insurance cut off. and if those two things can be done, a lot of the rest can be worked in in the weeks and days to come. we have other deadlines coming up for the debt limit and for the end of the continuing resolution, so i think this is likely to be a bit of a continuing process. but the really immediate stuff, i think they can clearly do. the big choice is going to be republican lea
ABC
Dec 30, 2012 11:35pm EST
further announcements. >> mitch mcconnell, a frustrated progress,ack of called the vice president for help. >> there is no single issue that remains an impossible sticking point. a sticking point appears to be a and interest or the to close the deal. >> if congress does not act soon, drastic cuts will go into effect and taxes go up for everyone. more than $3,400 for the average american family. >> significant differences n the two sides and negotiations continue. >> negotiations will continue through the night. "politico" ined by reporter to talk about the fiscal cliff. it is looking like the president is going to try to get to introduce legislation to avoid some of the devastating tax increases. when the new congress is sworn in, and that means we're going over the fiscal cliff. unless we get something substantial in the next 24 hours, we will be going over the cliff. tax increases and on everybody. the defense cuts are not start until january 20. most americans are trying to tonight, come their paycheck, will this impact them? it does not create any 74 small-business owners. -- for small
FOX Business
Dec 30, 2012 4:00am EST
the senate. senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they want any dollar an
MSNBC
Dec 30, 2012 4:00am PST
sound bites from mitch mcconnell and harry reid on the senate floor. let ee cease if we can one that now. >> we had a good meeting down at the white house. we're engaged in discussions, the majority leader, the white house, and myself in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i'm going to doering i can. i'm confident senator mcconnell will do the same. but everybody -- whatever everybody comes up with is going to be imperfect. some like it. some like it less, and that's where we are. i have the confidence we're going to do the best we can. that's the message in the white house. we we're going to do the best for the country that's waitinger for us to make a decision. >> clarence, you even seen this movie, right? >> well, yeah. at least in the works on the senate side. on the house side, we still don't know about those hard core intransigents, and even if the senate does come up with something, if the house can agree to go along with it, as kristen said, you
WETA
Dec 28, 2012 8:00pm EST
because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there'
FOX Business
Dec 28, 2012 6:00pm EST
majority leader, harry reid, mitch mcconnell, it is up to them to craft this thing. it is out of his hands for the next couple of days and into the hands of people in the senate. adam: rich edson at the white house. i know that you are going to regroup. gerri willis and "the willis report" will stop where we leave off. gerri willis is up next to explain all this for you. have a great weekend, everybody. gerri: hello, everybody, president obama calling on congress just moments ago asking to avoid the fiscal cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now he passes on to the senate. senate ma
MSNBC
Dec 31, 2012 12:00pm PST
were close to a deal. that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed to be the trigger, supposed to be the apocalyptic scenario that made cuts in spending necessary. otherwise we go over the cliff and there are cuts to defense and domestic programs. the president wants to delay them two months, three yearmonta year. many republicans say, absolutely not. many were angry he chose to have a campaign-style event in the white house complex. mitch mcconnell took the floor of the senate and pretty much calling the president's bluff saying, yes, we have an agreement on taxes. let's go ahead and vote on that. leave the sequester the way it is. that's not going to fly. we have an impasse here. there have been reports that the house of representatives to take whatever passes the senate if something passes and do it a minute after midnight. that scenario of steve and i and all of us talking about voting to cut taxes or not. i'm told re
MSNBC
Dec 28, 2012 2:00pm PST
leader harry reid, senate minority leader mitch mcconnell would try to hammer out a deal amongst themselves, get it passed through the chamber and send it to the house. house speaker boehner made it clear he had not move first. he wants to see the senate act. the ball is now in the senate's court for all intents and purposes. >> sam, isn't it a bit late in the day to be playing this game of chick snn. >> i don't know what constitutes late in the day at this juncture. i guess we have a few more days, a couple more hours here. i think there's a general consensus we probably will hit the cliff, but that doesn't mean they can't hurry and get something done a day after, two days after, do it retroactively. the hit that would be felt by families would be minimum in that case. a lot of negotiations. we'll see what mcconnell and reid can pick up and forge together. >> nbc news has been reporting that the president's holding firm to this position of not cutting taxes for people earning more than $250,000 a year. you've been talking to republicans all day. will republicans vote for a plan
MSNBC
Dec 31, 2012 2:00pm PST
months blaming him. what you saw mitch mcconnell do on the senate floor, fascinating, chris, on the surface. he came out after the president gave that upbeat, cheery, he was joking with all the attendees there in the white house complex about being close to a deal, but really sticking it to republicans in some not so subtle ways that angered a lot of people, including john mccain, but including a lot of people behind the scenes. but mitch mcconnell didn't take the floor and rise to that bait. he said, look, mr. president, you have been saying for weeks if not months we agree on the tax rate issue. let's vote on what we agree on. we'll put the sequester off. we understand there's a closed door meeting of senate republicans going on right now. you correctly reported that the house of representatives does not plan a vote tonight on any putative deal. there is no deal. let's reemphasize that again. we are technically going over the cliff. nothing is certain here, chris. the parameters of the deal you just outlined appeal to be what people are settling. that one issue of sequestration st
FOX News
Dec 31, 2012 6:00pm PST
line after a long day of negotiating with senate republican leader mitch mcconnell. he told members earlier in the day he thought he had a done deal this morning and the white house called and said we want you to take the sequester cuts to domestic and defense spending off the table to get rid of them essentially. mcconnell said how about we do a two month extension on the sequester and pay for it in two months and find out in the two months how to pay for the cuts to make them go away rather than doing major damage to defense and domestic programs that democrats are worried about. a busy night here on capitol hill. crafting this into legislative language. the senate may still vote eventually later tonight and bottom line, vice president biden is here to dot hi i.s and cross the ts. >> let's review about the sequester and how this all started. a lot of people have been following this but some haven't frankly. even on new year's eve as we get ready to get up to the fiscal cliff deadline. the sequester was set up to be so unacceptable that members of both parties on both sides of the
MSNBC
Dec 31, 2012 8:00am PST
take a look one more time at what is being discussed now. mitch mcconnell and joe biden talked into the wee hours until 12:30 last night and 6:30 this morning. $450,000 as the threshold for couples, $400,000 for individuals over which your taxes would go up about four percentage points. estate tax compromise. this is something democrats want as well because the estate tax is due to zoom up to 55% on estates more than $1 million if they're passed and nobody wants to see that happen. they are trying to work on a compromise. unemployment, insurance benefits. obviously something urgent for millions of people collecting and the long-term unemployed who have been unemployed for quite sometime. delaying that sequester. this is what i'm talking about. they're talking about delaying it perhaps three months. this is the ultimate kicking the can down the road. remember the sequester is what got us to this point to begin with. it was supposed to be trigger, the guiotine hanging over the necks of the members of congress to git them to do something by tonight. we only have about 13 more hours. on
FOX News
Dec 31, 2012 7:00pm PST
senate republican leader mitch mcconnell he got on the phone with vice president biden who is known for cutting deals and they worked through the night and senator mcconnell told colleagues he thought he had a deal with the vice president on the whole tax issue and then at the last minute the white house threw in the idea of putting off these automatic cuts set to start in 2013. the sequestration. the across-the-board cuts to defense spending, regardless of merit of program, just slashing each program and also domestic cuts as well. the republicans were thought to not like the defense cuts. democrats were thought not to like the domestic cuts and so they thought that they would be able to figure it out before it got to this point but here we are on new year's eve late into the evening and they had not cut a deal and so what senate republican leader mitch mcconnell did was offer a bunch of different pay fors, if you will to put off those cuts for two months to allow the next congress to figure out how to find more surgical cuts than essentially the automatic cuts that were due to kic
MSNBC
Dec 29, 2012 11:00am PST
focus on the senate. majority leader reid and mitch mcconnell trying to hammer out a deal that would, to some extent extend the bush-era tax cuts for those making $250,000 although we might see that number go up to 400,000, 500,000 if there is some type of a deal. the president has called on a deal to extend unemployment insurance benefits so that is another aspect that they're negotiating, but clearly, these negotiations are difficult. they have been from day one and that is why we are seeing them go to the 11th hour, but again, as of right now one democratic source expressing skepticism about getting something done by the all-important deadline. craig? >> the president, of course, appearing on "meet the press" tomorrow. is there a sense that the white house needs to stay out in front of this to convince americans that he's doing his part to reach a settlement before zero hour? >> think that is part of it and we've seen president obama take this tactic before. during the payroll tax cut fight, you'll remember he ran out and talked to people in different states and tried to ramp up p
CNN
Dec 30, 2012 9:00am PST
of the union." we still don't know if a deal is in the works or out of the question. mitch mcconnell promised aen update as soon as he had any news to make. that could happen when the senate convenes a rare sunday session of congress. looking to dominate his side of the story while leaders wrangle on the details, president obama made his first sunday show appearance in three years, sitting down with nbc's david gregory this morning to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a republican mainstream agenda. >> joining me senator olympia sn snowe of maine. let me start with that. it does seem sort of counter intuitive to have republicans wanting to fight for tax hikes for no one and in that fight, being willing to allow tax hikes for everyone? >> you know, i would agree with that. obviously it is important to make sure that middle income america does not confront a tax increase at the beginning of next year, which is less than two days away. that
MSNBC
Dec 27, 2012 9:00am PST
is saying, you go first, harry reid. harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that would allow taxes to go up for people making more than $250,000 or 400,000 as was in the president's last offer and the answer to that question remains very, very unlikely. so we are where we are. this ain't schoolhouse rock, that's for sure. it's not like the house passes a bill, the senate passes a bill. this is a stand yau and the looks like the ultimate version of white house gridlock. >> right. and you mentioned the threshold. we have senator murkily on later today to talk about how crucial the filibuster is. i want to go right to steve kornaki here. we talk about the weather
CNBC
Dec 31, 2012 3:00pm EST
last few minutes with mitch mcconnell on the floor saying that we are very, very close. we'll get more details from john harwood in a moment, but right now the markets are voting and they're giving thumbs up with the dow up 138 points. nasdaq up 2% right now. it's been strong all day. now at 3,020. and the s&p up 1.5%. >> look at those stocks go. president obama saying a fiscal cliff agreement is quote, in sight. mitch mcconnell moments ago saying quote, we are very, very close. >> to d.c. and john harwood. he and eamon have been monitoring all day. why are we close but not there yet? what's left, john? >> what's left is the agreement between the two parties on delaying those automatic across the board defense and domestic budget cuts which nobody wants. they deliberately set up so they wouldn't take place. democrats want to defer those for a year. republicans say we're only going to put them off to the extent you can find budget cuts that match the amount that the sequester would have been. now, the republicans are offering two or three months, 60 or 90 days and suggesting cuts. but d
FOX Business
Dec 27, 2012 1:00pm EST
about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there is a solution agreed to buy political leaders it could take beyond the new year before it gets through congress to t
MSNBC
Dec 30, 2012 5:00pm PST
, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us agree the chained cpi is off the table in these negotiations. president obama continued to put public pressure on republicans during his appearance on "meet the press" today. >> i
CSPAN
Dec 29, 2012 7:00am EST
leader of the united states senate, the hon. mitch mcconnell. [applause] >> over the years, we recognized many remarkable men and women in this place of honor. all of them extraordinary. it would be foolish to make comparisons among them. for me at least, today's ceremony was particularly meaningful. i first came to know the woman we honor today two decades ago. and told the story of her struggle. and to make that cause -- it was impossible not to be moved by her quiet resolve, her hidden, luminous heroism and it is impossible today all these years later not to be moved by the fatah that this most unlikely of revolutionaries may yet witness the deepest longings of her heart. representative, democratic system in which the people of burma are able to fully enjoy their god-given rights. it is in this hope that we stand today with the people of burma and with aung san suu kyi knowing that whatever the future holds, she will fight unflinchingly to the end. in this place surrounded by the statues of our own national heroes and equality, we draw inspiration from this courageous woman
FOX Business
Dec 30, 2012 10:00pm EST
this evening between the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security tax. they 6 worked together before and they have succeeded reaching a deal before and folks on capitol hill they can do so again. >> less than 26 hours from what everyone calls a fiscal cliff. it would be comprehensive big package we hear them talk about, the big compromise that speaker boen and the president had worked out a year and a half ago? >> if you want what is known a as the grand bargain you would likely get in two steps. a small down payment, a tax rate increase and some of the spending measures and some of the other tax measures and perhaps instructions for the next six to eight months to congress to work on entitlement and spending r
FOX News
Dec 30, 2012 3:00pm PST
setback this afternoon over social security spending. senate minority leader mitch mcconnell says he never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> a dance partner. meanwhile democrats being led by senate majority leader harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pret
MSNBC
Dec 31, 2012 4:00pm PST
hour later, senate minority leader mitch mcconnell signalled his agreement with the president. >> so i agree, let's pass the tax relief portion now. let's take what's been agreed to and get moving. we all want to protect tax pairs and we can get it done now. >> however, despite what sounds like good news, there will be no vote in the house tonight even in the house reaches a deal. in fact, the senate has adjourned until tomorrow. >> joining me now when we talk a couple of hours ago, there wouldn't be a vote on either side. but maybe something from the senate tonight? quite possibly. aparentally, the sticking point, we've been talking about this all day, they wanted to delay these automatic spending cuts. they were supposed to force everybody to act. what they have agreed to is a two-month delay in those spending cuts. we're talking about $12 billion a month, $24 billion. it is a measly amount of money when you consider the federal budget. the federal budget out lays about $4 trillion a year. that's the state of play right now. they're trying to tab yup late it. chris, there is so muc
FOX News
Dec 30, 2012 11:00pm PST
tv while mitch mcconnell is working with harry reid to troy to get a deal. the president's point was if they do not make any progress on bipartisan talks in the senate since the clock is running out he wants a straight up and down vote on the senate on his fallback level. put it go in the $250,000 a year and extend unemployment benefits for 2 million americans americans americans, dana. >> this is bob beckel. are you done? >> i had a great question, but age before beauty. >> a lot of age and no beauty. >> what? >> ed, truth be known, and we see this fiscal cliff and the calamity of the day on january 1st, tonight is true the white house dot much care if they get it on the first or the fifth? >> reporter: you're right, with withholding, some people will not feel the effects of a tax increase the first couple of days, you might have time to finagle that, the treasury department has that authority. the fact of the matter, what they're more nervous about in the white house and republicans on the hill are unclear what will happen. will it be a tarp moment like in 2008 when the tarp legisl
FOX Business
Dec 31, 2012 5:00pm EST
. you heard what senate minority leader mitch mcconnell said earlier today. we have members from both the house and senate on what happens next. i'm adam shapiro, in for melissa francis. on "money" the capital-gains tax in the cross-hairs. the capital-gains tax will spike in the new year. how can investors protect themselves from the coming blow? respect your elders or else. a parents dream, a child's burden. adult children forced to financially support mom and dad and pay regular visits in one major country. we'll tell you where and why they're doing it. even when they say it's not, it is always about money adam: had enough of the fiscal cliff yet? before we go there, let's take a look at the day's market headlines a whipsaw for the session for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept over investors. it had been u
CNN
Dec 23, 2012 7:00pm PST
negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, it doesn't just matter what the senate does, don, the house would have to pass something. and whatever were to come out of the senate at this point would require not jus
CNN
Dec 31, 2012 4:00am PST
mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. >> they have all been politically messaging, not sure why they are being critical of it now. thousands of there's of your take h
MSNBC
Dec 27, 2012 3:00pm PST
. that's why speaker boehner and mitch mcconnell are cracking up with the clock ticking. joining me now is form er pennsylvania governor ed rendell. jerry bernstein, senior fellow at the center and jonathan, opinion writer for "the washington post" and an msnbc kriblt tor. contributor. thank you all for coming on the show. governor rendell, let me start with you. have you ever, ever seen anything like this? i mean, where is the leadership? >> yeah, this is amazing. if i were the president, i'd be tremendously frustrated. you have to have somebody to negotiate with. there's nobody across the table for the president to strike a deal with. and the president has been forthcoming. he's been expansive. he's already moved. he's moved from 250 to 400. he's made significant steps. he's laid out some of the entitlement forms that he's willing to accept. he's moved about as far as he can move because there's nobody coming back to limb saying we'll do this and we'll do that. it's really irresponsible. >> it's very irresponsible. jonathan, you look at the fact that they're not being honestabout it.
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